Dr. Bryan Taylor joins Jason Hartman as they rewind the clock 1,000 years to look at the history of interest rates and housing costs. The bubonic plague and the Spanish Flu have both had an impact on economics. How does this relate to Coronavirus?
Living in urban areas has historically been out of necessity. Currently, technological advances have taken away the demand for living in highly populated areas. Taylor and Hartman discuss the change in housing costs as influenced by the bubonic plague 800 years ago, but how reliable is this information?
[2:00] Are interest rates the lowest they’ve ever been in history?
[3:20] Government debt explained based on the influences surrounding World War II
[4:20] Did Paul Volcker make the right moves?
[5:30] Are interest rates too low? What’s the fallout?
[8:30] Prices are being controlled mainly by a lack of demand.
[12:00] Flashback 102 years to the Spanish Flu, what happened economically?
[16:00] Are we to face a repeat of the roaring ’20s?
[20:00] Technology has solved the necessity of living in urban areas.
[21:15] During the bubonic plague, 1/3 third of the population was wiped out, while the houses remained, causing the most significant housing price drop in history.
[25:25] How reliable is 800-year-old data?